A new commercial building in Riddiford Street, Newtown, completed, fully leased and sold. Adjacent to Wellington Hospital. Quality tenants include Ministry of Social Development and Primary Healthcare Organisation.
Landmark tenants in the area include Benchmark, Westpac, NZ Post, McDonalds, and Pizza Hutt to name a few. Opposite Wellington Hospital.
Benefits of the site:
New building completed in late 2006
Ground floor leased to a Government tenant (area 700m²)
First floor leased to PHO Health Providers (area 680m²)
9 car parks on one separate unit title
Access to Hall Avenue at the rear
Excellent natural light
Lift access
Excellent exposure to Wellington’s southern suburbs
Opposite the $350 million Wellington Hospital redevelopment
Frontage to main retail area of Newtown
Gross Income $369,000 (exc GST)
Outgoings $50,000 (exc Gst)
Price $4,500,000 (exc GST if any)
Cap rate 7.09% nett
Every care has been taken to verify the accuracy of the information contained herein, however no warranty is given and purchasers are advised to carry out their own investigation.
A new commercial building in Riddiford Street, Newtown, completed, fully leased and sold. Adjacent to Wellington Hospital. Quality tenants include Ministry of Social Development and Primary Healthcare Organisation. 
